Belgravium Technologies PLC AGM Statement (2657I)
May 29 2014 - 2:01AM
UK Regulatory
TIDMBVM
RNS Number : 2657I
Belgravium Technologies PLC
29 May 2014
29 May 2014
BELGRAVIUM TECHNOLOGIES PLC
(AIM: BVM)
AGM Statement
Belgravium Technologies, the provider of mobile on-board retail
solutions, is holding its Annual General Meeting ("AGM") today at
11.00 a.m.
At the AGM John Kembery, the Chairman, will make the following
statement:
"Trading in the year to date is significantly ahead of the
equivalent period last year albeit that it has commenced more
slowly than expected. As in previous years the results for the year
as a whole are expected to be heavily second half weighted.
The new sales strategy is creating a good deal of opportunity.
We were delighted in April to be awarded by First Great Western a
retail sales contract to the value of GBP1.1 million. In addition,
we have announced this morning another significant contract worth
circa GBP420,000 with a major European carrier. These contract
wins, the principal benefits of which will be in the second half,
demonstrate our ability to compete at the highest level. The level
of order enquiries is encouraging and we are confident that a good
proportion of these can be converted to sales in the second
half.
The year to date has also seen a significant cash inflow into
the balance sheet, reversing a lower than usual 2013 year end
position and restoring it to levels very similar to those prior to
the Feedback acquisition. At the end of the April 2014, cash in the
Bank stood at GBP1.9 million."
Contacts:
Belgravium Technologies Plc www.belgravium-technologies.com
John Kembery, Executive Chairman +44 (0) 7770 731 021
WH Ireland Limited (Nominated Adviser and Broker) www.wh-ireland.co.uk
Mike Coe / Ed Allsopp (Corporate Finance) +44 (0) 117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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